After September 12, after that the predicted that the market rebound will come to an end, then steel spot and futures prices fell accordingly, but after 13, at the federal reserve announced its third, this round of steel price rebound momentum again continue. As of Sept. 19, screw 1301 contract closed at 3638 yuan/ton, on September 6, a rose 367 yuan/ton, up 11.22%. Average 25 major markets nationwide 20 mmhrb400 rebar prices fell 41 from September 20 yuan/ton, on September 12 after a few days ago, after the varieties prices there have been sharp fall.
Iron and steel industry information editor to this truth, the current steel prices rebound are intermediate trade demand, substantial downstream demand is still weak. It is understood that the whole society power consumption in August 449.5 billion KWH, up 3.58% from a year earlier, the growth rate hit was the lowest since February this year. Therefore, in this round of the rally, the market mentality is relatively fragile, steel prices likely to snap up and down "history" of the market.
Network mold expert analysis, according to China's recent steel price dropped due to the presence of the bad news.